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Coefficient of Variation
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=65614
Forum: 17 · Topic 65614 · 1 post(s)
Coefficient of Variation
Apprentice · Mon Jan 08, 2018 6:44 am
Based on. https://www.tradingview.com/script/ZEFj … iation-DW/
This is a simple gauge of volatility using the Coefficient of Variation. COV is calculated by dividing standard deviation of price by the expected (average) price. Custom color scheme indicates increases and decreases in volatility, which is indicated when the COV forms new half period highs and lows.
The indicator was revised and updated